Daily Archives: 25.12.2017

The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…

Irkutsk Aluminum Works has started shipping the KEP-2 coke to produce baked anodes. The main customer is Sayanogorsk Aluminum Works (SAZ), which produces baked anodes for its own metal manufacture, as well as for other Rusal works. So far 38 railroad cars with KEP-2 weighing 2380 tons have been shipped to SAZ. IrkAZ was able…

Inaglinsky GOK, 100% owned by Kolmar Group LLC, has purchased two sites with coal deposits in Neryungrinsky district of Yakutia for 182.4 million rubles. The auctions have been considered not taken place, as there was only one bid – from Inaglinsky GOK. According to the auction commission, the bid meets all the demands and the…

In November Russia produced 6.025 million tons of steel, up by 1.4% YoY, but down from 6.225 million tons in October. In 11 months steel output totaled 66.453 million tons, up by 2.9% YoY. Ukraine decreased steel output in November by 4.9% YoY, to 1.85 million tons (1.91 million tons in October). In January-November Ukraine…

Ormet is finishing the construction of infrastructure at the Luchistoye quarry needed to start mining. The site has electricity, water supply system and lighting. The depth of the quarry is 20 meters. The first tons of ore will be extracted from below 30 meters. By the end of the year the company plans to have…

Kazakh company Kazatomprom has delayed its delivery of uranium to Iran as it is seeking the permission of six world powers involved in the 2015 Iranian nuclear deal. Galymzhan Pirmatov, Kazatomprom’s chairman, was quoted by Financial Tribune daily as saying that the delivery of uranium concentrate to Iran could be possible only after obtaining permission…

The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…

Russian aluminum giant UC RUSAL has approved of all conditions that hydropower giant RusHydro has set for its participation in construction of the Taishet aluminum smelter, RusHydro CEO Nikolai Shulginov declared. “They’ve approved them. We are now to take them into account while developing necessary documents, and if we don’t, we will stop,” he said.…

In 2018 Vysochaishiy (GV Gold) intends to produce up to 3 tons of gold at the Taryn Mining and Processing Works at the Drazhnoye deposits in Yakutia. The factory started operating in May and already reached project output. In 2017 it is expected to process 530 thousand tons of ore with the average gold content…

In January-October Russia imported 130.7 thousand tons of steel pipes from Germany, up 11-fold YoY. June witnessed the record-high import volumes of 53.7 thousand tons. In May, July and September the deliveries were also considerable (22-25 thousand tons per months). But in October imports dropped (to 1.1 thousand tons). 95% of the imports are large…

In 2017 Vostsibugol LLC, mining coal in Irkutsk region, increased output by 2.8% from the plan, having obtained 14.3 million tons. 1.3 million tons of coal were exported. Mining target for 2018 is 16.2 million tons. In December the company started developing the Nygdinskaya site with the reserves of 3.1 million tons of coal. In…

Mechel has signed a memorandum on delivery of coke to HBIS Group Serbia Iron & Steel. According to the agreement, Moskoks will supply up to 120 thousand tons of coke products to Serbia, or 30 thousand tons each quarter. The delivery will be carried out from January till December 2018. The price will be determined…

Aktogay Mining and Processing Works will be expanded. In October the works has reached its project capacity at the sulfide enrichment factory, and the board of directors decided to construct another factory, which would double sulfide ore processing from 25 to 50 million tons per year. The expansion is the low-risk project. Investments are expected…

Severstal has approved of the program to develop the Yakovlevsky mine in Belgorod region, which presupposes the increase of iron ore mining within several years. In 2018 the mine output will increase by 50% YoY, from 872 thousand tons to 1.315 million tons. The main goal of increasing output is to improve the company provision…

At the Extraordinary General Shareholder Meeting (EGM) held on December 22, NLMK shareholders approved payment of Q3 2017 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to dividends would be determined was set as January 9, 2018. January-September 2017 dividends will amount to RUB 10.68 per share. At the meeting,…

Irshansk Mining and Processing Works has ordered Energy Trade Group LLC the delivery of natural gas valued at 71 million UAH. In 2018 the company will supply 7.1 million cubic meters of gas at 10 thousand UAH per 1 thousand cubic meters. The price is 13% below the expected cost of the purchase (81.65 million…